We’ve Had a Couple of Very Good Days

Last Friday, I was getting a little down. I was hoping for some kind of bounce to begin last week. Well, our bounce began this week. While stocks were mostly down yesterday, our gold, silver and gold miners made a big move up. Today, everything but US Treasuries is up big… perhaps in the hope that the politicians will take care of this huge aid bill they have promised.

I don’t mind saying this two day rally in our portfolio has been a big relief. At least, for now, gold is not being sold to meet margin calls for stock, real estate, and mortgage-backed securities. Yes, those and car loan-backed securities are in trouble again. It looks like they may be bailed out again, too.

I’ve used the rally to raise more cash. I want to see volatility (wild intraday swings) decrease before putting all of our cash back to work.

We still have a ways to go, in my opinion, but I’m really liking this bounce.

Cheers,

Dale